Common use of Conduct of Third Party Claims Clause in Contracts

Conduct of Third Party Claims. (a) Unless otherwise notified by the beneficiary of an indemnity herein granted (an "Indemnified") in connection with any claim, demand or cause of action of, or asserted by a Third Party in respect of which a Party has given an indemnity under this Agreement (the "Indemnifier"), the Indemnifier shall take control of the defence or settlement of such claim, demand or cause of action; provided that the Indemnifier may not settle or make any admission of liability without having first obtained the Indemnified's written consent, which consent shall not be unreasonably withheld.

Appears in 4 contracts

Samples: Transfer and Assumption Agreement (Td Waterhouse Group Inc), Transfer and Assumption Agreement (Td Waterhouse Group Inc), Transfer and Assumption Agreement (Td Waterhouse Group Inc)

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Conduct of Third Party Claims. (a) Unless otherwise notified by the beneficiary of an indemnity herein granted (an "Indemnified") in connection with any claim, demand or cause of action of, or asserted by a Third Party in respect of which a Party has given an indemnity under this Agreement (the "Indemnifier"), the Indemnifier shall take control of the defence or settlement of such claim, demand or cause of action; provided that the Indemnifier may not settle or make any admission of liability without having first obtained the Indemnified's ’s written consent, which consent shall not be unreasonably withheld.

Appears in 2 contracts

Samples: Transfer and Assumption Agreement (Td Waterhouse Group Inc), Transfer and Assumption Agreement (Td Waterhouse Group Inc)

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